Chapter 996: Enthusiastic Goldman Sachs

"We are firmly on your side. Your Highness, the Pilot Group's previous practices have exceeded the bottom line..."

Next, Barron also met with Lloyd Blankfein, CEO of Goldman Sachs Group, and others, who immediately expressed their stance on Barron...

Of course, Barron did not take his statement too seriously. After all, he understood that Goldman Sachs, as the most adept at assessing the situation among Wall Street capital, was also the softest. The other party's decisions were all based on interests.

If the final result is that Barron died in that assassination, there is no doubt that Lloyd will happily lead Goldman Sachs to join the queue to share the assets of the "DS series", and will rush even further forward.

Although Goldman Sachs Group was originally founded by Jews, it is not a supporter of Zionism (Zionism). For Goldman Sachs, nothing is more important than profit. For profit, they can even embroider the red flag... …

Moreover, its current head, Lloyd Blankfein, is not a Jew. Instead, he comes from a lower-class family in Brooks, New York...

It can be said that the interests of Goldman Sachs Group are now relatively deeply tied to Barron's. Through IC Capital, it directly holds 9% of the shares of Goldman Sachs Group, plus related companies including Standard Chartered-Merrill Lynch Group and DS Group. Based on the fund's holdings, Barron controls more than 17.5% of Goldman Sachs Group's shares and has two voting rights on Goldman Sachs Group's board of directors.

In comparison, Vanguard Group is no longer the largest shareholder of Goldman Sachs like it was in the original time and space. Together with BlackRock Group and State Street Group, their total shareholding in Goldman Sachs Group is just over 12%. Only in Goldman Sachs Only one vote on the group's board of directors.

This is why when Barron's initially fought back against the short-selling behavior of these three capital companies, Goldman Sachs Group did not hesitate to join in - to make money, of course you have to seize the opportunity. When it comes to assessing the situation, Goldman Sachs really They are very clever. They like to be in the winning camp. If they find that they are on the wrong team, they will rebel without any psychological pressure.

Just like now, Lloyd's attitude towards Barron can be said to be extremely affectionate. After all, in the financial field, compared to the Standard Chartered-Merrill Lynch Group, Vanguard Group and BlackRock Group controlled by Barron, for Goldman Sachs poses a greater threat.

It can be said that these capitals have almost obtained the capital management business of all American public funds - once the emperor and the courtiers, the US Treasury Secretary is no longer the "former CEO" of Goldman Sachs. After the subprime mortgage crisis, especially BlackRock Group, took When it comes to the fund management business of most American public funds, this also makes Goldman Sachs very unhappy.

On the contrary, the cooperation with Barron's has brought a lot of achievements to Goldman Sachs. In addition to the financing and loan business that has continued from the beginning to the present, the underwriting business of the companies controlled by Barron's in the U.S. stock IPO listings will also be brought to Goldman Sachs. , these alone allowed them to make a lot of money.

In the American market itself, it is impossible for Barron to face the crowd alone. He must weave his own network of relationships and form his own partners. Although the trustworthiness of partners is often questionable, In many cases, the attitude of "goodwill and neutrality" is enough, not to mention that even after gaining an advantage, someone still needs to wave the flag...

"The U.S. stock market has experienced a strong recovery in the past two years. Although it experienced two troughs at the beginning of this year, I believe it will soon recover from this short-term decline. I think it is very wise for Alibaba to choose to go public in the second half of the year."

Prior to this, the successful listing of DailyVedio gave Goldman Sachs great confidence. Now what they are most looking forward to is the listing of Alibaba in the United States, which is regarded as the biggest IPO event this year.

As Lloyd said, before this year, the U.S. stock market experienced an increase of more than 20% for the Dow Jones Index and the S\u0026P 500 Index for two consecutive years, which also led to the outstanding performance of Goldman Sachs Group's investment banking and global market businesses. .

However, since this year, from mid-January to early February, the global emerging market currency exchange rate plummeted, triggering the first round of bear market in the U.S. stock market. The Nasdaq index fell 5.8%, but the market gradually stabilized after the Federal Reserve interest rate meeting.

Then in March, the situation in Ukraine triggered a second wave of bear market. The Nasdaq index fell as much as 8.2%, but the S\u0026P 500 and the Dow Jones index subsequently recovered their losses.

DailyVedio chose to go public at the end of March and still showed an astonishing rise. This also gave Goldman Sachs great confidence in the investment enthusiasm of the market this year and began to look forward to the subsequent listing of Alibaba.

You must know that Alibaba's performance and scale are not comparable to DailyVedio, and Goldman Sachs Group is also one of the underwriters of Alibaba's listing in the United States. Lloyd believes that by the time Alibaba goes public in the second half of this year, the market will be fully After recovering from the two small setbacks at the beginning of the year, they will be able to earn far more income from the stock business on DailyVedio.

Barron currently holds shares in Alibaba through DS Holdings (Cavendish Trust) and Rich23 Capital, of which DS Holdings holds a 26.79% stake in 12h23 Capital.

According to Barron's promise to Ma, after Alibaba's listing, he will sell at least 10% of the 12.66% of Alibaba's shares held by DS Holdings within one year (based on the proportion before the listing and additional issuance). Therefore, in this Alibaba IPO, the shares held by DS Holdings have the shortest 90-day lock-up period among all original shareholders, while the other shareholders have a minimum lock-up period of 180 days.

Originally, Ma planned to sell this part of DS Holdings' shares during the IPO process, so that this part of the shares will be included in the initial public offering and sold at the stock issue price.

However, Barron said that he was more optimistic about the performance of Alibaba's stock price after its listing, so he rejected this proposal.

According to Alibaba's prospectus, this public offering of shares, in addition to the newly issued shares, includes the sale of some shares including SoftBank, Ma and his team.

Due to Barron's suggestion to Mr. Ma, Alibaba's listing this time was not originally planned to be listed in HK as in the original time and space. After unsuccessful negotiations with the other party, the Hong Kong Stock Exchange still did not support Alibaba's "partnership system" - the "partnership system" is designed to ensure that the founders and management team have greater control over the company, even if their shareholding ratio is not high.

This work is compiled and uploaded by Liujiu Book Bar~~

This system is inconsistent with the "same share, same rights" principle adhered to by the Hong Kong Stock Exchange, while the American capital market allows dual-class share structures such as AB shares, allowing founders to maintain control of the company by holding fewer shares.

Therefore, Alibaba's listing time will also be slightly earlier than the original time and space. It will not wait until September this year to be listed, but will go public in the United States on July 18, two months earlier than Barron's previous life.